Latest news with #XiongwenLu
Zawya
30-04-2025
- Business
- Zawya
Egypt: GAFI explores deeper investment, innovation ties with China
Arab Finance: Egypt is seeking to strengthen its innovation and entrepreneurship links with China as the General Authority for Investment and Free Zones (GAFI) hosted the Egypt-China Forum to promote investment, innovation, and entrepreneurship partnerships, as per a statement. The forum brought together members of Egypt's business community and a Chinese delegation from Shanghai, led by Xiongwen Lu, Dean of the School of Management at Fudan University and a board member at several multinational companies. Lu said Egypt is ready to receive significant Chinese investments in the near future and noted that Fudan University would use its close ties with the Chinese private sector to promote investment opportunities in Egypt. He also pointed to the strategic depth of Egyptian-Chinese relations, which will mark their 70th anniversary next year. In 2014, the two nations upgraded their ties to a comprehensive strategic partnership. Egypt was also one of the earliest participants in China's Belt and Road Initiative. Discussions during the forum focused on linking Egyptian industries with Chinese technological advances, especially amid growing Chinese interest in Egypt following recent infrastructure upgrades and investment-friendly legislation. GAFI CEO Hossam Heiba said that supporting innovation and localizing technology are among the Egyptian government's top priorities. He noted that golden licenses were recently granted to Chinese companies Haier and Midea due to their plans to localize industrial technology in Egypt. Heiba added that GAFI has trained more than 300,000 entrepreneurs over the past five years, many of whom are helping align Egypt's economy with global tech trends. Heiba also revealed that GAFI plans to establish technology innovation centers in Egypt's free and investment zones in cooperation with partner countries, particularly China. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
30-04-2025
- Business
- Zawya
Egypt's investment authority GAFI hosts forum with China to link business, innovation leaders
Egypt's General Authority for Investment and Free Zones (GAFI) hosted a forum with a Chinese delegation to explore linking the Egyptian business community with innovation leaders in China and enhance investment partnerships, GAFI said in a statement. The Egyptian-Chinese Forum for Enhancing Investment, Innovation and Entrepreneurship Partnerships featured a delegation from Shanghai, described as China's economic capital. It included dozens of university professors and business leaders led by Xiongwen Lu, Dean of the School of Management at Fudan University, founding director of its Marketing Research Centre, and a board member of several multinational and large industrial companies in China. Lu affirmed Egypt's readiness to receive significant Chinese investments in the near future, stating Fudan University would use its connections within the Chinese business community to promote investment opportunities in Egypt. He highlighted the depth of bilateral ties, noting the upcoming 70th anniversary of diplomatic relations next year. He recalled the 2014 elevation of the relationship to a comprehensive strategic partnership, signed in the presence of President Abdel Fattah Al-Sisi and President Xi Jinping, and Egypt's early participation in the Belt and Road Initiative. Discussions at the forum covered ways to connect Egyptian industries with Chinese technological advancements. This comes amid growing interest from Chinese businesses in investing in Egypt, attributed to the country's recent infrastructure and legislative developments aimed at attracting investment, GAFI said. Egypt's competitive advantages, including skilled labour, strategic location, and trade agreements providing access to around 3 billion consumers, were also noted. Hossam Heiba, CEO of GAFI, stated that 'localising technology and supporting creative ideas is one of the most important goals of the Egyptian government.' He cited the granting of Golden Licences to Chinese companies Haier and Midea for their decision to localise industrial technology in Egypt. Heiba also mentioned that GAFI has trained over 300,000 entrepreneurs in the past five years, many contributing to the economy and its connection to global tech trends. Furthermore, Heiba announced that GAFI 'seeks to establish technology innovation centres in its affiliated free and investment zones, in partnership with countries exporting investment to Egypt, foremost among them the People's Republic of China.' © 2024 Daily News Egypt. Provided by SyndiGate Media Inc. ( Daily News Egypt
Daily News Egypt
29-04-2025
- Business
- Daily News Egypt
Egypt's investment authority GAFI hosts forum with China to link business, innovation leaders
Egypt's General Authority for Investment and Free Zones (GAFI) hosted a forum with a Chinese delegation to explore linking the Egyptian business community with innovation leaders in China and enhance investment partnerships, GAFI said in a statement. The Egyptian-Chinese Forum for Enhancing Investment, Innovation and Entrepreneurship Partnerships featured a delegation from Shanghai, described as China's economic capital. It included dozens of university professors and business leaders led by Xiongwen Lu, Dean of the School of Management at Fudan University, founding director of its Marketing Research Centre, and a board member of several multinational and large industrial companies in China. Lu affirmed Egypt's readiness to receive significant Chinese investments in the near future, stating Fudan University would use its connections within the Chinese business community to promote investment opportunities in Egypt. He highlighted the depth of bilateral ties, noting the upcoming 70th anniversary of diplomatic relations next year. He recalled the 2014 elevation of the relationship to a comprehensive strategic partnership, signed in the presence of President Abdel Fattah Al-Sisi and President Xi Jinping, and Egypt's early participation in the Belt and Road Initiative. Discussions at the forum covered ways to connect Egyptian industries with Chinese technological advancements. This comes amid growing interest from Chinese businesses in investing in Egypt, attributed to the country's recent infrastructure and legislative developments aimed at attracting investment, GAFI said. Egypt's competitive advantages, including skilled labour, strategic location, and trade agreements providing access to around 3 billion consumers, were also noted. Hossam Heiba, CEO of GAFI, stated that 'localising technology and supporting creative ideas is one of the most important goals of the Egyptian government.' He cited the granting of Golden Licences to Chinese companies Haier and Midea for their decision to localise industrial technology in Egypt. Heiba also mentioned that GAFI has trained over 300,000 entrepreneurs in the past five years, many contributing to the economy and its connection to global tech trends. Furthermore, Heiba announced that GAFI 'seeks to establish technology innovation centres in its affiliated free and investment zones, in partnership with countries exporting investment to Egypt, foremost among them the People's Republic of China.'
